Little change to Petrojam’s pricing regimen this week; asphalt ‘glitch’ remedied
/ Our Today
administrator
State-owned refinery, Petrojam, has rolled back on the meteoric increase in asphalt prices this week even as mostly neglibile changes to fuel costs dominate its latest update.
A week after an initial, whopping 1100% increase in the baseline price of asphalt, it appears that a system glitch was responsible for the figure, with some semblance of normalcy returning to Petrojam’s pricing regimen.
In its closely watched petroleum product price index, the refinery advised that 87-octane gasolene would cost J$0.25 less; opening at an introductory price of J$170.20.
The new pricing update, which took effect on Thursday (June 8), also sees automotive diesel, asphalt, heavy fuel oil (HFO) and kerosene rising J$0.25, J$0.28, J$0.75 and J$0.25 respectively.
All other products on Petrojam’s index enjoyed mixed reductions, which were most pronounced for ultra-low sulphur diesel, propane and butane.
It is expected that retailers will add their mark-ups to the announced prices.
See breakdown of prices below:
| Product | Price per unit (effective June 8, 2023) | Price change (from last week) |
| Gasolene 87 | $ 170.20 | -$0.25 ($170.45) |
| Gasolene 90 | $173.72 | -$0.25 ($173.97) |
| Auto diesel | $165.87 | +$0.25 ($165.62) |
| Kerosene | $176.72 | +$0.25 ($176.47) |
| Propane | $58.21 | -$1.14 ($59.35) |
| Butane | $65.76 | -$1.57 ($67.33) |
| ULSD | $173.31 | -$3.06 ($176.37) |
| Asphalt | $114.27 | +$0.28 ($113.99 *previously revised from initial price of $1113.99) |
| HFO | $107.89 | +$0.75 ($107.14) |
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